ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

A+| A| A-

Energy Policies in Brazil

Energy Policies in Brazil Jose Goldemberg The 'modernisation' of Brazil which took place after 1950 has been synonymous with the adoption of a 'petroleum-based economy'. Since Brazil has meagre petroleum resources, the foreign exchange to pay for imported oil became a fundamental problem, and a policy of heavy borrowing abroad was adopted as the solution. As heavy borrowing abroad continued, Brazil's foreign debt climbed to more than 50 billion dollars which, together with the high interest rates for debt servicing, threatened to lead the country to bankruptcy.

To read the full text Login

Get instant access

New 3 Month Subscription
to Digital Archives at

₹826for India

$50for overseas users

Comments

(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top